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What is suspence a\c? why it should not transferred to the
balance sheet?
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Answer Posted / mazahar
simple answer
suspense account generally created when the expenses not
confirmed to original entry. once it confirm the expenses
then transfer to original account.
suspense a/c Dr
cash a/c cr
( suspense account for time being )
after defined the original entry (salary a/c)
salary ac Dr
suspense ac cr
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